"Bundling" insurance is when you get a discount for buying two or more types of insurance from the same company. This is commonly referred to as a "multi-line" or "multi-policy" discount. Bundling your home and auto insurance is one of the most common ways to save money. Most insurers offer a discount for bundling auto with home or renters insurance, and often you can also bundle boat, RV, motorcycle and even life insurance.
On average, those who bundle auto and home insurance can save $235 a year on premiums, according to Consumer Reports.
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Pros & cons of bundling home and auto insurance
Below are bundling discounts offered by some of the largest insurers. An insurance agent can give you quotes for a bundled policy and tell you what coverage types are eligible for the discount.
Discounts for bundling home and auto insurance
|Allstate||Up to 10% on auto insurance, up to 25% on homeowners insurance|
|The Hartford||Up to 5% on auto insurance, up to 20% on homeowners, renters or condo insurance|
|Progressive||5% or more on auto insurance|
|Travelers||Up to 15%|
|State Farm||Up to 17% if you bundle homeowners, renters, condo or life insurance|
Policies that can be bundled
If you don't have homeowners insurance, you may be able to bundle your auto insurance with: